It is spring of 2020, you have not been able to find work As a clever forward-looking business student, you have decided to get experience by starting and operating your own business, a lemonade stand you have named spring cookie. In your planning you have identified that there is potential to build a sustaining company, and as such you set up an accounting system and formal business structure and you have no business partners.

Set up all the required Financial Statements, with proper formatting

show the equation structure for each, and give examples of all accounting items that will likely be included in each statement

also, Pick an option for your business for "spring cookie" and support your reasoning for why it is most appropriate?

you will have to follow IFRS or ASPE and why?